en

obligation

1

Terminological databases

EKI terminibaas Esterm

ID 687339 Last modified 30.12.2004
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Domain civil law
  • õigussuhe, millest tuleneb ühe isiku (kohustatud isik ehk võlgnik) kohustus teha teise isiku (õigustatud isik ehk võlausaldaja) kasuks teatud tegu või jätta see tegemata (täita kohustus) ning võlausaldaja õigus nõuda võlgnikult kohustuse täitmist
  • judicial relationship between 2 or more persons, by virtue of which one of them, the debtor, is held towards another, the creditor, to perform a certain prestation which may consist in giving, in doing or in not doing something
võlasuhe

EKI terminibaas Esterm

ID 697618 Last modified 21.12.2018
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Domain financial transactions - payment systems - cash
undertaking preferred
  • a stipulation, promise or guarantee, given to or by a bank in various connections, e.g. an undertaking to review conditions of service
Good to know
  • FI: sitoumus [T30055] DE: Verpflichtung [T30055] FR: engagement [T40154]
kohustus
undertaking preferred
Usage examples
  • 1. Specific undertakings by the institution Unless it does not wish to do business with that customer, an institution must at a customer's request, for a cross-border credit transfer with stated specifications, give an undertaking concerning the time needed for execution of the transfer and the commission fees and charges payable, apart from those relating to the exchange rate used.
  • 2. There should be an obligation upon institutions to refund in the event of a failure to successfully complete a credit transfer. The obligation to refund imposes a contingent liability on institutions which might, in the absence of any limit, have a prejudicial effect on solvency requirements. That obligation to refund should therefore be applicable up to ECU 12 500.
obligation

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